{"schema_version":"secwatch.filing_event.v1","accession":"0001069258-23-000006","form_type":"8-K","ticker":"KTOS","cik":"0001069258","company_name":"KRATOS DEFENSE & SECURITY SOLUTIONS, INC.","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.765650+00:00","generated_at":"2026-06-19T01:24:29.535827+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Kratos Q4 revenue $249.3M (+17.8% YoY); net loss $8.3M; FY23 guidance $980M-$1B","bullets":["Q4 2022 revenue $249.3M, up 17.8% YoY; net loss $8.3M ($0.07 loss per share); adjusted EPS $0.08.","FY2022 revenue $898.3M (+10.7% YoY); net loss $36.9M ($0.29 loss per share); adjusted EPS $0.31.","FY2023 guidance: revenue $980M-$1B, adjusted EBITDA $85-$89M, free cash flow $10-$20M.","Record consolidated backlog $1.11B; bid pipeline $10B; Q4 book-to-bill 1.2x.","CEO cites new hypersonic awards, Valkyrie drone contracts, and expects ~10% revenue growth in 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001069258-23-000006","json":"https://secwatch.observer/filing/0001069258-23-000006.json","markdown":"https://secwatch.observer/filing/0001069258-23-000006.md","text":"https://secwatch.observer/filing/0001069258-23-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1069258/000106925823000006/0001069258-23-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1069258/000106925823000006/ktos-20230223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T01:24:29.535827+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"34f3c2b0ec8b96af4afd9312bf479e251f2ba3ab","claim":"KRATOS DEFENSE & SECURITY SOLUTIONS, INC. reported Fiscal 2022 results: revenue $898.3 Million.","evidence_excerpt":"ress Contact: Yolanda White 858-812-7302 Direct Investor Information: 877-934-4687 investor@kratosdefense.com Kratos Reports Fourth Quarter and Fiscal 2022 Financial Results Fiscal 2022 Revenues of $898.3 Million and Fourth Quarter 2022 Revenues of $249.3 Million Increased 10.7 Percent and 17.8 Percent over Fiscal Year and Fourth Quarter 2021 Revenues, Respectively Fourth Quarter 2022 Consolidated Book to Bill Ratio of 1.2 to 1 Fiscal 2022 Consolidated Book to Bill Ratio of 1.1 to 1 SAN DIEGO, CA, February 23, 2023 – Kratos Defense & Security Solutions, Inc.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1069258/000106925823000006/0001069258-23-000006-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fiscal 2022"},{"label":"Revenue","value":"$898.3 Million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"dcf2b7d4ea64319df8adc4c730bc14e5b2888473","claim":"KRATOS DEFENSE & SECURITY SOLUTIONS, INC. reported the fourth quarter of 2022 results: revenue $249.3 million, net income $8.3 million, EPS $0.07.","evidence_excerpt":"For the fourth quarter of 2022, Kratos reported Revenues of $249.3 million, Operating Income of $4.1 million, Net Loss of $8.3 million, Adjusted EBITDA of $19.2 million and a consolidated book to bill ratio of 1.2 to 1.0. Included in fourth quarter 2022 Net Loss and Operating Income is non-cash stock compensation expense of $6.4 million and Company-funded Research and Development (R&D) expense of $10.6 million, primarily reflecting significant ongoing development efforts being made, including in our Space and Satellite business to develop our virtual, software-based OpenSpace command & control (C2), telemetry tracking & control (TT&C) and other ground system solutions. Also included in fourth quarter 2022 Net Loss is a tax provision of $6.0 million primarily resulting from a non-cash valuation allowance of $5.6 million recorded related to deferred tax assets of certain state net operating loss carryforwards and R&D credits. Kratos reported a fourth quarter 2022 GAAP Net Loss per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1069258/000106925823000006/0001069258-23-000006-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter of 2022"},{"label":"Revenue","value":"$249.3 million"},{"label":"Net income","value":"$8.3 million"},{"label":"EPS","value":"$0.07"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}